Markets

Toyota and Panasonic will team up to build EV batteries

Toyota and Panasonic will team up to build EV batteries A Toyota official presents the company's Concept i-series during the 2017 Tokyo Motor Show. "Together with Panasonic , we want to hone our competitiveness in batteries, which represent one of the core technologies of electrified vehicles", said Toyota executive vice president, Shigeki Terashi. [Full Article...]

Saudi Arabia to support South Africa's oil industry

The new refinery would reduce the need for refined product imports and cement Saudi Arabia's dominant position in South Africa's oil sector. Supplying 40% of South Africa's crude oil, according to the Department of Energy, Saudi Arabia's significance as a trade partner can not be overstated. [Full Article...]

Brexit backer James Dyson ditches Britain for Singapore with headquarters move

Brexit backer James Dyson ditches Britain for Singapore with headquarters move Sir James Dyson did not comment on the move to Singapore. Singapore continues to attract businesses despite high costs partly because of increasing political uncertainty globally, says Song Seng Wun, an economist at CIMB Private Banking in Singapore. [Full Article...]

Chinese drone maker DJI says employees inflated cost of parts

Chinese drone maker DJI says employees inflated cost of parts A report by Reuters in 2018 suggested that DJI could be worth as much as 15 billion US dollars if a reported initial public offering goes ahead this year, with the drone manufacturer controlling 70 percent of the global commercial and consumer drone market. [Full Article...]

Drone sighting temporarily halts flights at New Jersey's Newark Airport

Drone sighting temporarily halts flights at New Jersey's Newark Airport The bi-state Port Authority of NY and New Jersey manages the airport and holds the purse strings for these kinds of potentially pricey endeavors. The administration said in a statement that arriving flights were held briefly but resumed after no further sightings were reported. [Full Article...]

The US government looks to extradite Huawei CFO arrested in Canada

The US government looks to extradite Huawei CFO arrested in Canada Justice Department said on Tuesday it will pursue the extradition of the chief financial officer of China's Huawei Technologies Co Ltd's [HWT.UL], arrested in Canada in December. Prime Minister Justin Trudeau and Freeland have been engaged in continuous diplomatic outreach with other world allies over Canada's ongoing dispute with China. [Full Article...]

Germany worst hit as International Monetary Fund slashes growth forecast

Germany worst hit as International Monetary Fund slashes growth forecast The IMF lowered its projection for Saudi Arabia┬┤s gross domestic product growth this year to 1.8 percent, down from 2.4 percent in its October report. The IMF has been urging policymakers to carry out structural reforms while the global economy enjoys solid growth, with Lagarde telling them to "fix the roof while the sun is shining". [Full Article...]

No-deal Brexit means hard border in Ireland, says European Commission

No-deal Brexit means hard border in Ireland, says European Commission A government spokeswoman said these reports should serve as a warning to those MPs who want to deliver Brexit that "they need to vote for it", and called on Brexiteers to support the Withdrawal Agreement negotiated by Prime Minister Theresa May . [Full Article...]


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